Launches & Closures

Specialist EM group Finisterre builds business in wake of acquisition by US-based Principal


Paul Crean
Finisterre Capital, the fast-growing and well-performing London-based specialist emerging markets hedge fund group led by Paul Crean, is planning to launch its first dedicated emerging market equity fund later this year as the first step in its expansion following the acquisition of a majority stake in the firm by US-based Principal Global Investors.

Finisterre, which has so far focused primarily on emerging market sovereign and corporate debt strategies since its inception in 2002, is in the process of adding two managers to run the new equity offering from another hedge fund group.